Business & Money | Wednesday 2 July, 2025 11:56 am

Jadwa leads a USD 50 million investment round in PetroApp

Jadwa Investment, a leading investment management and advisory firm in the Middle East, today announced it has led a USD 50 million investment round in PetroApp, Saudi Arabia’s leading fuel management platform, through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund....

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Business & Money | Wednesday 2 July, 2025 11:53 am

Azizi Developments is recognized as Dubizzle’s Developer of the Month

Azizi Developments, a leading private developer in the UAE, has been declared ‘Developer of the Month’ by Dubizzle, one of the region’s most prominent real estate platforms. The recognition celebrates Azizi’s impactful contributions to shaping Dubai’s skyline, its diverse project...

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Business & Money | Wednesday 2 July, 2025 11:51 am

Saudia and WestJet Sign Interline Partnership Agreement

Saudia, the national flag carrier of Saudi Arabia, has signed a new interline agreement with WestJet, one of Canada’s leading airlines. The strategic partnership aims to enhance global connectivity across both carriers’ networks and deliver a more seamless travel experience for guests. The ...

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Business & Money | Wednesday 2 July, 2025 11:46 am

Zscaler Expands Public Data Center Footprint in the Kingdom of Saudi Arabia to Secure Digital Transformation

 Zscaler, Inc., the leader in cloud security, has announced the strategic expansion of its public data center (DC) infrastructure in Saudi Arabia, reinforcing its long-term commitment to the Middle East’s dynamic digital economy. This move enhances the availability of Zscaler Private Access...

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Business & Money | Wednesday 2 July, 2025 11:27 am

SIDC unit inks 2 deals for transportation, handling, storage services

Saudi Industrial Development Co.’s (SIDC) subsidiary, Emdad Logistics, signed, on July 1, two contracts for transportation, handling, and storage services, according to a Tadawul statement. The first contract was signed with Global Marketing Co. for Sleeping Systems (Sleep High), while the...

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Business & Money | Wednesday 2 July, 2025 11:24 am

SEDCO Capital REIT ups Bank AlJazira credit limit to SAR 1.87B

SEDCO Capital REIT Fund’s board of directors approved increasing the financing limit provided by AlJazira Bank from SAR 1.72 billion to SAR 1.87 billion, the fund manager, Saudi Economic and Development Securities Co. (SEDCO Capital), said in a statement to Tadawul. The increased facility...

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Business & Money | Wednesday 2 July, 2025 11:21 am

SNB plans to fully redeem SAR 2B Tier 1 sukuk

Saudi National Bank (SNB) plans to redeem SAR 2 billion Tier 1 sukuk in full, at par value (100% of issue price) on July 15, the tenth anniversary of the issue, according to a Tadawul statement. SNB obtained the necessary regulatory approvals in this regard, it noted. The...

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Business & Money | Wednesday 2 July, 2025 11:19 am

Arabian Drilling, Aramco extend SAR 1.4B contracts for 4 rigs

Arabian Drilling Co. secured contract extensions for four of its rigs with Saudi Arabian Oil co. (Saudi Aramco), for a total backlog value of SAR 1.37 billion, with durations varying between one and ten years. The extension elevates the company's current backlog to SAR 11.1 billion, Arabian...

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Business & Money | Tuesday 1 July, 2025 4:33 pm

'Autoworld' to invest AED45 million in new Jafza facility

Autoworld International FZCO, the regional distributor for India’s Bajaj Auto Ltd, has announced an investment of AED45 million to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability to serve rapidly growing markets ...

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Business & Money | Tuesday 1 July, 2025 4:31 pm

Mubadala announces agreement to invest in Loscam International

Mubadala Investment Company announced its agreement to acquire a 30 percent stake in Loscam International, a provider of pallet pooling and returnable packaging solutions across the Asia-Pacific region. Mubadala will join the existing shareholder group alongside Trustar Capital, the private...

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